So what is the conclusion you arrive at? And where can we read the full text of the study, since it is gated.
The last quote you provide is not very informative. I read that the woman had the experience FIRST and was asked AFTERWARDS if she could have made an accurate prediction. From the rest of your post I understood that it was supposed to happen the other way round.
The woman had the experience first and was asked afterwards which type of information would help her make an accurate prediction for both the date she just had, and for another "date". (Don't know if these were separate questions.)
I think that's the right way of doing it. So I withdraw my objection.
Today Ed Yong has a post on Not Exactly Rocket Science that is about updating - actually, the most extreme case in updating, where a person gets to choose between relying completely on their own judgement, or completely on the judgement of others. He describes 2 experiments by Daniel Gilbert of Harvard in which subjects are given information about experience X, and asked to predict how they would feel (on a linear scale) on experiencing X; they then experience X and rate what they felt on that linear scale.
In both cases, the correlation between post-experience judgements of different subjects is much higher than the correlation between the prediction and the post-experience judgement of each subject. This isn't surprising - the experiments are designed so that the experience provides much more information than the given pre-experience information does.
What might be surprising is that the subjects believe the opposite: that they can predict their response from information better than from the responses of others.
Whether these experiments are interesting depends on how the subjects were asked the question. If they were asked, before being given information or being told what that information would be, whether they could predict their response to an experience better by making their own judgement based on information, or from the responses of others, then the result is not interesting. The subjects in that case did not know that they would be given only a trivial amount of information relative to those who had the experience.
The result is only interesting if the subjects were given the information first, and then asked whether they could predict their response better from that information than from someone else's experience. Yong's post doesn't say which of these things happened, and doesn't cite the original article, so I can't look it up. Does anyone know?
I've heard studies like this cited as strong evidence that we should update more; but never heard that critical detail given for any such studies. Are there any studies which actually show what this study purports to show?
EDIT: Robin posted the citation. The original paper does not contain the crucial information. Details in my response to Robin.
EDIT: The original paper DOES contain the crucial info for the first experiment. I missed it the first time. It says: